9/20/2021- 6:22 p.m.
Gas Price BOOMS in Europe After Gazprom DECLINES Additional Transit Capacity in Ukraine (Report)
European gas prices soared to $908 per 1,000 cubic meters on London’s ICE market early on Monday – the October futures spike apparently following the news that Gazprom reportedly did not book any additional capacities for gas transit through Ukrainian territory.
Ukraine’s gas transportation operator had offered transit capacities of 15MN cubic meters per day for October at an auction – but according to auction results they remained unclaimed.
The price steadied later Monday, trading at $881 per 1,000 cubic meters as of 11:00 GMT – possibly in part due to Norwegian Equinor, Europe’s key gas supplier, receiving long-awaited permission to boost gas exports from its offshore fields.
